The Future of Trade and Customs

The Future of Trade and Customs

With Rickard Ydrenäs, the CEO and Founder of Ydrenas Communications, Flavia Munteanu, the EU engagement lead at HMRC, Anneli Wengelin, a Special Adviser at the Swedish Ministry of Foreign Affairs, Peter Jacobsson, the Sales and Consulting Managing Director at ECUS, and Michiel van Veen, the Managing Director for UPS Nordics

Rickard Ydrenäs, Ydrenäs Communications

Rickard Ydrenäs has published 65 episodes of Brexitpodden and 63 episodes of Tullpodden to extensively cover the UK’s departure from the EU.

The UK’s trade deals with Canada and Japan were ambitious but the EEA would have been more so. The nation has now lost access to the Single Market and Customs Union. However, it retains zero tariffs despite the reduced ease of moving goods.

Since Brexit there have been:

  • Continued trade of goods
  • Border delays
  • Increased charges
  • Drop in volume of exports (RHA claim a fall of up to 68%)
  • 21% of Swedish companies have faced Brexit-related problems

Politically, the likelihood of Scottish Independence has risen and peace on the island of Ireland has been put at risk.

Flavia Munteanu, HMRC

Customs declarations are now required and the UK Government has introduced ‘Staged Controls’ to extend 6 months.

The UK also offers the ‘Common Transit Convention’ for goods

In July 2021 there will be an increase in the volume of paperwork as the UK gains full control

Guidance on VAT changes can be found on GOV.UK and all goods over £135 will be treated differently.

Rules of Origin:

  1. Traders need to classify their goods
  2. Look up the origin rule(s) in the UK-EU Trade Co-operation Agreement
  3. Check goods meet the requirements
  4. Sort out supply chain documentation

Special Procedures and Reliefs:

Anneli Wengelin, Swedish Ministry of Foreign Affairs

Brexit means that there will be increased costs, inspection rates and the trading environment may become more inconsistent.

One of the reasons the UK voted to leave the EU was due to the will to run its own legislation. UK public agencies and courts now hold jurisdiction which may be less predictable than EU standards- leading to a level of divergence.

Food items (perishable goods) require fast processing at the borders and this is not always happening.

There are still questions about how the UK will use its regulatory freedom.

Peter Jacobsson, Ecus

When Sweden joined the EU in 1995 there were similar overnight challenges on the border.

We recommend less established businesses use FCA or DAP. DDP is not a good strategy for Swedish businesses who are less established in the UK.

E-commerce businesses have found that they are particularly struggling with high costs for customers at the borders due to Brexit. This can be avoided by setting up a ‘limited in liability’ (Ltd.) company in the UK.

Michiel van Veen, of UPS

In 2018:

  • Swedish exports to the UK were worth $9.44bn (5th largest market)
  • UK imports to Sweden were worth $7.63bn

UPS are the world’s largest in-house customs brokerage firm in the world.

More paperwork around shipping will increase costs.

How to ship to the UK:

  1. Register for an EORI number
  2. Complete your commercial invoice correctly
  3. Include proof of the origin of goods
  4. Assign Harmonized System (HS) Codes to your goods
  5. Comply with the new UK Import VAT rules
  6. Check if your goods are subject to inspections at the border
  7. Consider requirements for return shipments, if applicable
  8. Consider using UPS Paperless™ Invoice

Northern Ireland trade will be treated like the EU.

Sustainable logistics is where UPS are now focusing.

Our thanks go to Rickard Ydrenäs, of Ydrenas Communications, Flavia Munteanu, of HMRC, Anneli Wengelin, of Swedish Ministry of Foreign Affairs, Peter Jacobsson, of ECUS, and Michiel van Veen, of UPS, for hosting this event with the BSCC

Click here to access a recording of this webinar.

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Michiel van Veen

UPS

Michiel van Veen is the Managing Director for UPS Nordics. Michiel has long experience within the international logistic industry as he has been with UPS since 1997. He was previously the Managing Director of UPS Switzerland.

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Anneli Wengelin

Swedish Ministry of Foreign Affairs

Anneli Wengelin is a Special Adviser at the Swedish Ministry of Foreign Affairs. Anneli has extensive experience of working with trade facilitation and has an extensive expertise within areas such as Brexit, trade and customs issues.

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Peter Jacobsson

ECUS

Peter Jacobsson is the Sales and Consulting Managing Director at ECUS and an expert in customs management. Peter has previous experience as Customs Manager at General Motors, Volvo and Saab. Featured speaker of the Tullpodden podcast.

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Rickard Ydrenäs

Ydrenas Communications

Rickard Ydrenäs is CEO and Founder of Ydrenas Communications and has a background as a journalist, policy advisor and communications specialist. Rickard has broad expertise within EU regulations, especially European regulation of financial services, banking, mutual funds, pensions and insurance. Rickard also produces the Tullpodden podcast.

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Flavia Munteanu

HM Revenue & Customs

Flavia Monteanu is the EU engagement lead at HM Revenue and Customs. Flavia has been with HMRC for 2+ years and held several positions for international and stakeholder engagement ahead of EU exit and as a policy advisor.

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